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Chinese bitcoin miner Jiang Zhuoer predicted the bear market will bottom in Q4 with bitcoin at $42,000 to $44,000, roughly 30% below its current level near $60,700. The forecast relies on Strategy's market net asset value falling to 0.72, a level historically preceding bitcoin's price bottom by about six months.
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Summary by ByteBrief
Traders Predict More Bitcoin and Ethereum Pain